Oil Prices Decline to Two-Month Lows Amid US-Iran Peace Deal Hopes

Oil prices have dropped to their lowest point in two months, driven by emerging hopes for a potential peace agreement between the United States and Iran. This development has also led to a rally in global equity markets, a decrease in bond yields, and a weakening of the dollar, reflecting a reduced geopolitical risk premium. However, investors are maintaining a cautious stance due to previous similar announcements.